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DCG Iris ILS fund reports first full-year results

London stock exchange listed insurance-linked securities (ILS) fund DCG Iris, operated by Dexion Capital with assets managed by the Credit Suisse ILS investment team, has now completed its first full-year and announced a total return of 4.94% for the period.Dexion Capital has published its first annual report for the DCG read the full article →

DCG Iris targets late October share placement

The DCG Iris insurance-linked securities (ILS) fund, marketed and operated by Dexion Capital with Credit Suisse providing ILS asset management services via its CS Iris Low Volatility Plus ILS fund, is targeting its next share placement for late October.DCG Iris recently went through a continuation vote situation which saw its read the full article →

Credit Suisse moves Sandy side-pockets back to main portfolio

Insurance-linked securities and reinsurance-linked investments manager Credit Suisse has now fully resolved the potential exposure its CS Iris Low Volatility Plus Fund Limited had to last years hurricane, or superstorm, Sandy event and has moved side-pocketed investments back into the main fund portfolio.When a catastrophe event strikes and the estimates read the full article →

DCG Iris shareholders vote in favour of continuation, pass all resolutions

The DCG Iris insurance-linked securities (ILS) fund, marketed and operated by Dexion Capital with Credit Suisse providing ILS investment management services via the master-fund CS Iris, will move forwards after its shareholders voted in favour of a continuation resolution.The future of the DCG Iris ILS fund had faced some doubts read the full article →

Investors show confidence in DCG Iris, reject redemption offer

Investors in the DCG Iris Limited insurance-linked security (ILS) and reinsurance-linked investment fund have demonstrated their confidence in the fund, its strategy and the investment managers, as well as their desire for it to continue by rejecting the recent offer to redeem shares.DCG Iris announced this morning that none of read the full article →

Investors, including Ericsson, want DCG Iris ILS fund to continue

As we wrote a few weeks ago, the DCG Iris Limited insurance-linked security (ILS) and reinsurance-linked investment fund will hold a continuation vote and offer its shareholders a chance to redeem their share capital because it has not hit its £150m fund-raising target yet.Because of this continuation vote, which will be read the full article →

DCG Iris to hold continuation vote before another share placement

The DCG Iris Limited insurance-linked security (ILS) and reinsurance-linked investment fund said today that it will hold a continuation vote and offer its shareholders a chance to redeem their share capital before conducting another placement of new shares. The continuation vote and redemption offer are required as DCG Iris has read the full article →

DCG Iris ILS fund raises just under £1.18m in latest share placement

The DCG Iris insurance linked security and reinsurance -linked investment fund has issued another 1.17m shares to investors in the latest round of its share placement programme. The shares have been issued at a price of 100.5p, raising the ILS fund a further £1.18m to invest in reinsurance-linked investments, ILS read the full article →

Credit Suisse to move Iris ILS fund out of cat bonds in hunt for return

In the latest monthly managers update for the DCG Iris insurance-linked securities fund, the London Stock Exchange listed closed end ILS investment fund operated by Dexion Capital, it is revealed that Credit Suisse intends to move one of its funds out of catastrophe bonds in an attempt to find a read the full article →

Credit Suisse: losses from Moore tornado under $5 billion, no ILS fund impact

Investment management firm Credit Suisse, which operates a number of insurance-linked securities (ILS) investment funds, has said that it does not expect that insured  losses from the Moore, Oklahoma tornado will have any impact on its funds. The tornado which struck Moore on Monday causing many fatalities and devastation to read the full article →